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David Hugh-Jones's avatar

“If we soberly look at the facts, we notice that companies are the subject of many regulations they’d rather avoid.” Sometimes, but there’s a long-standing theory, going back to Stigler in the 1970s, that regulation is purchased by the regulated industry, to provide barriers to entry.

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anzabannanna's avatar

This article suffers from reductionism, at least.

I certainly agree with the premise of it though, epistemology is arguably the most important thing missing from the world we live in. **Gee, I wonder why it isn't taught in school....PURELY an innocent oversight I'm sure!!** (Disclosure: speculative rhetoric.)

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